Notice of EGM

03 September 2014

INDUSTRIAL MULTI PROPERTY TRUST PLC ("IMPT" OR THE "COMPANY")

Proposed move to the Specialist Fund Market of the London Stock Exchange

Notice of Extraordinary General Meeting

The Company is pleased to announce that it has today posted a circular (the "Circular") to shareholders to give notice of an Extraordinary General Meeting convened for 10.00 a.m. on 26 September 2014 at IOMA House, Hope Street, Douglas, IM1 1AP to seek shareholder approval for certain proposals. These proposals include:

· the transfer of the Company's Ordinary Shares to the Specialist Fund Market ("SFM") of the London Stock Exchange; and

· the removal of the Continuation Vote (together with certain consequential and technical amendments to the Existing Articles).

The Specialist Fund Market is the London Stock Exchange's regulated market for specialist investment funds.

The proposals are primarily designed to materially improve the efficiency and flexibility of the Company. These changes shall both reduce ongoing costs and allow the Board to take advantage of commercial opportunities that may arise.

The Board believes the SFM to be a more suitable market on which to trade the Company's Ordinary Shares. In order for the Company to be able to transfer to the SFM, the Company proposes to apply for (i) the cancellation of the listing of its Ordinary Shares on the premium segment of the Official List and its admission to trading on the London Stock Exchange's Main Market for listed securities; and (ii) the transfer of trading of the Ordinary Shares to the SFM.

Under the Existing Articles, Shareholders are asked to vote every three years on the continuation of the business of the Company after the 2019 Annual General Meeting. This Continuation Vote requires the approval of at least 75 per cent. of the votes cast in person or by proxy of those entitled to vote. If the Continuation Vote is not passed, the Board is required to wind-up the Company and its subsidiaries, realise their assets and distribute the proceeds to Shareholders. The next Continuation Vote is due to be put to Shareholders at the annual general meeting of the Company to be held in 2019. The Board is proposing to remove the requirement for a Continuation Vote because it believes such requirement is too restrictive as it only allows the Board to plan and assess investment opportunities for the Company over a maximum five year period. This limits the opportunities for investment and financing that are available to the Company. The Board believes that the removal of the Continuation Vote will support future financing options and will provide Shareholders with greater certainty as to the longevity of the Company. Furthermore, the Board believes that the removal of the Continuation Vote is also consistent with the greater long-term flexibility that the Company is seeking to achieve through its proposed transfer to the SFM.

The Company is not raising any funds or issuing any new shares in connection with admission to the SFM. On admission there will be 8,409,520 shares in issue with the same number of total voting rights. The Company's trading code will continue to be IMPT and ISIN IM00B4N9KC32.

In accordance with UKLA Listing Rules, the Company is required to give a minimum notice period of 20 business days ahead of the intended cancellation of admission to trading of the Company's issued share capital on the Official List. It is expected that the admission of the Company's shares to the SFM will take place simultaneously with the cancellation of the admission to trading on the Official List, and is expected to become effective at 8.00 a.m. on 27 October 2014, subject to approval by the SFM. This date may be subject to change, any changes will be announced through a Regulatory Information Service.

Further details are set out in the Circular together with the Notice of Extraordinary General Meeting. Any defined terms in this announcement should be construed in accordance with the definitions set out in the Circular.

Copies of all documentation including the Circular relating to the proposals are available for viewing and download at the Company's website up to the day of the convened Extraordinary General Meeting. The Circular has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility via the National Storage Mechanism which is located at http://hemscott.com/nsm.do

For further information please contact:

Industrial Multi Property Trust Plc

Jonathan Clague, Chairman +44 (0) 1624 681 250

BDO LLP, UKLA Sponsor to the Company

Susan Jarram, Corporate Finance +44 (0) 121 352 6282

Notes to editors:

About Industrial Multi Property Trust Plc

Further information is available at www.industrialmultipropertytrust.com